Tuesday, October 20, 2020 7:06:37 AM - Markets open
VN-INDEX 943.69 +0.39/+0.04%
HNX-INDEX 140.88 +1.06/+0.76%
UPCOM-INDEX 63.95 +0.10/+0.16%
Vietnam’s economy stays positive amid global growth slowdown: PM
vietnamplus.vn - 12/3/2019 10:58:33 AM
 (0 ratings. You must sign in to rate.)
 Vietnam’s economy remains positive despite the slowdown in global economic growth, especially in Asia, over the last 11 months, Prime Minister Nguyen Xuan Phuc said while chairing the Government’s regular meeting for November on December 2.
He noted that at the recent 8th session of the National Assembly, legislators applauded the Cabinet’s governance achievements as seen in the fulfillment of all the 12 targets, especially the growth target, set by the parliament.
The people put trust in and have high expectations on the Government, the PM stressed.
However, he also analysed certain problems that must be addressed immediately.
He asked the agriculture and rural development sector to overhaul disease prevention and control and work harder to sustain Vietnam’s position as one of the leading agricultural product exporters in ASEAN.
Meanwhile, industrial production has decelerated in some sectors like motorcycle, automobile and fertiliser production, and there hasn’t been much progress in the disbursement of public investment capital, PM Phuc pointed out.
The Government leader requested all-level authorities and sectors to step up FDI attraction and further deal with pressing cultural, social, environmental and security issues.
The PM asked Government members to work out new solutions and initiatives to accomplish all targets for 2020, particularly the ASEAN chairmanship in 2020 and the non-permanent membership of the UN Security Council for 2020-2021, which he described as international positions with critically important roles amidst the changing world.
During the meeting, participants reviewed attainments over the last 11 months and discussed measures to perform tasks for next year.
Macro economic stability has been maintained, Vietnam attracted 31.8 billion USD in foreign direct investment (FDI) in the period, up 3 percent year-on-year, and FDI disbursement reached 17.6 billion USD.
Exports saw good growth, with a 9.2 billion USD trade surplus. Revenues from retail of goods and services also picked up 11.8 percent.
The index of industrial production expanded by 9.3 percent, and newly-established enterprises in the period numbered 126,700.
The November Consumer Price Index (CPI) was up 0.96 percent from the previous month, and the average CPI for the January-November period increased by a three-low of 2.57 percent on a yearly basis.
In particular, the number of foreign arrivals almost reached 16.2 million, up 15.4 percent from the same period last year./.
Read original article here
Newer News
27/06 US initiates investigation into Vietnamese tyre
Older News
02/11 EVFTA must bring benefits to people: INTA chief
02/10 Phones and components lead in January-September export turnover
31/08 CPTPP promises stronger ties with Singapore, Malaysia: workshop
31/08 Asanzo cleared of origin fraud: VCCI
28/07 Exporting firms should focus on intellectual property
21/07 VN has trade surplus of about $1.6 billion in H1
Newsletter Signup
Top Stories
Funds reports good performance in Q3
Vietnam enters third wave of business reforms: Minister
Billions of banking stocks to flood market under dividend plans
Reference exchange rate down 5 VND on September 15
Construction steel sales projected to recover in year-end months
Market Update
Last updated at 3:10:04 PM
VN-INDEX 943.69 +0.39/+0.04%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.